John Delaney

Friday, July 9, 2010

Our beta iPhone app is live in the iTunes Store and will be available free while our team of voluntary beta testers put it through its paces.

http://itunes.apple.com/ie/app/intrade/id380355142?mt=8

The app uses Intrade virtual currency and a new “look and feel” and some new functionality that will be applied to the www.intrade.com platform soon (while retaining the current version of www.intrade.com as an option for those who may prefer it).

If you are interested in being a beta tester of the app or the new version of Intrade, please let us know.

Tuesday, March 16, 2010

The 17th March is said to be that of St. Patrick's death and is a national holiday in Ireland. But as is typical of the Irish, it is a case of any excuse is good enough for a good party.

While for some St. Patrick's Day still has religious connotations, for most it is a day to “let your hair down” (if you still have the stuff) and go a little bit crazy or at least do something different.

But here is a bit to the worst trivia ever.

St Paddy himself was a big fan of blue and not green.

Perhaps the green theme for St Pat’s day stems from how many of us look after a couple or more Guinness, Bushmills, Baileys, Jameson, Irish Coffee, Smithwicks, Middleton, Tullamore Dew, Galway Hookers, and White Gypsy. That would be of course before a massive feed of bacon, corned beef and cabbage.

So no matter what you do on the great day that March 17th is, we really hope you have a good one. We will raise a glass to all our friends at least a couple of times before noon. As for the afternoon, our intentions will be good at least.

Monday, February 1, 2010

To provide additional transparency any member can request a personal account be established in their own name within the suite of segregated member funds accounts that Intrade maintains. As we incur a cost to provide this service to our members we passes on the cost only to members availing of this service.

This service enables you to receive on an individual Bank Statement in from a bank guaranteed by the Irish or Danish governments your balance.

Tuesday, January 19, 2010

It is the season to hunt for risk minimizing profit opportunities on Intrade and on and across other prediction market platforms. We would like to incentivize you to find, highlight and remove these market anomalies.

Periodically arbitrage opportunities exist on Intrade and other prediction market platforms. Arbitrage trading is a risk minimizing strategy that by definition should be “no-gamble”.

To encourage you to profit from these irregularities we will make sure our fees are no obstacle. We are offering all members the ability to execute arbitrage trades entirely on Intrade at zero fees for those trades.

Additionally any member who can find and execute an arbitrage trade between Intrade and any other platform should submit proof after the trades are completed. Once reviewed if our fees have caused the return on your trades to be negative we will refund upto 100% of our fees on such trades. We would encourage other platforms to consider offering the same.

Sometimes people identify arbitrage opportunities but are not in a position to execute the relevant trades. We have created a new thread here (see T&C's) where such arbitrage trades may be logged.

Anyone who does find and highlight to the public such an opportunity and does not execute the relevant trades themselves will earn our thanks, plus a $20 trading credit (and will probably increase the predictive accuracy of the market) if the trades are executed by a trader. Markets that are bid to over 100 or offered at less than 100 for mutually exclusive events do not necessarily qualify for a trading credit.

Fee incentives will be posted to your account after request to help@intrade.com and submission of relevant supporting information.

We hope and expect that people will develop simple price reading and price comparison robots to search for these opportunities. If you are a developer but not a trader and you have such an application or would like to create one, please contact me on john.delaney@intrade.com as we may be able to help you get started with API assistance and support.

Terms and conditions will apply to this offer, but no sneaky ones. Please see our Forum for T&C's.

Traders please take note: All profit and loss risks associated with all trades including trades and traders that attempt to benefit from this offer reside with the trader absolutely and not Intrade. In the event that a trader suffers losses in pursuing an arbitrage strategy for any reason (such as but not limited to a market rule change, one contract in a group being voided or unwound, the platform becoming unavailable, rule changes or differences on Intrade or across platforms, inability to complete the hoped for arbitrage or any other reason whatsoever) Intrade will not entertain, accept or otherwise enter correspondence about any losses as the risk will reside absolutely with the trader.